Does the Implementation of Corporate Governance Moderate the Relationships of Ownership Structure, Capital Structure and Firm Values of Listed Manufacturing Companies in Indonesia?
- DOI
- 10.2991/aebmr.k.210220.029How to use a DOI?
- Keywords
- Corporate Governance, Ownership Structure, Capital Structure, Firm value
- Abstract
This study aims to examine corporate governance’s role as a moderating variable in determining firm value, such as ownership structure and capital structure. Indonesian stock exchange manufacturing companies from 2014 to 2018 were used in this study. The data used was panel data, with data analysis carried out using the WarpPLS program. The results showed that the ownership structure had a significant effect on capital structure while ownership structure and capital structure had no significant effect on firm value. Ownership structure moderated by corporate governance has no significant impact on firm value. Capital structure moderated by corporate governance also has no significant impact on firm value. New findings from this research show that corporate governance cannot moderate the determinants of firm value, such as ownership structure and capital structure.
- Copyright
- © 2021, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Munajat Mubaraq AU - Sri Mangesti Rahayu AU - Muhammad Saifi AU - Ari Darmawan PY - 2021 DA - 2021/02/22 TI - Does the Implementation of Corporate Governance Moderate the Relationships of Ownership Structure, Capital Structure and Firm Values of Listed Manufacturing Companies in Indonesia? BT - Proceedings of the International Conference on Strategic Issues of Economics, Business and, Education (ICoSIEBE 2020) PB - Atlantis Press SP - 163 EP - 168 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.210220.029 DO - 10.2991/aebmr.k.210220.029 ID - Mubaraq2021 ER -